Bitcoin’s 22% year-to-date gain has helped to lift the market capitalisation of digital assets above $2-trillion.
Browsing: TerraUSD
One corner of crypto has shaken off a prolonged digital-asset slump to come within touching distance of an all-time high.
Repeated assurances by the backers of Tether that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets.
The collapse of one of decentralised finance’s most ambitious experiments has knocked more than $83-billion off the sector’s total value.
Tether, USDC and others lost their prized pegs to the dollar last week. But was it an isolated outburst, or are they losing their soul?
The crypto market may well bounce back. But the message is clear: this stuff is not ready for prime time.
Last week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.
Cryptocurrencies nursed large losses on Friday, with bitcoin set for a record losing streak as the collapse of TerraUSD rippled through markets.
A celebrated experiment that combined maths and software to get a digital currency to behave like a dollar is crashing in dramatic fashion.